00:00It's Benzinga bringing Wall Street to Main Street!
00:02Snap shares have gained nearly 20% this month as options traders bet on a further rally,
00:07according to CNBC.
00:09Snap shares have remained below $10 since July 2025, after plunging from a 2021 peak
00:14above $80 to an April low of $3.81.
00:19On Monday, Snap options trading volume surged to more than four times its monthly average,
00:24with nearly 140,000 contracts traded.
00:27Call options dominated activity, accounting for $5 million of the $5.5 million in premiums
00:33exchanged.
00:34The most popular contract was a December 18 call option with an $8 strike price.
00:40It requires Snap shares to climb 30% before expiration to become profitable.
00:44Shareholder Blue Duck Capital urged the company to raise dedicated capital for its augmented
00:48reality specs classes, suggesting the product could support a $12 to $14 share price.
00:54For all things money, visit Benzinga.com.
